Makita (MKTAY) Projected to Release Quarterly Earnings on Wednesday

Makita (OTCMKTS:MKTAY) is anticipated to post its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.5030 per share and revenue of $1.27 billion for the quarter.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.

Makita Stock Up 1.1%

OTCMKTS:MKTAY opened at $34.76 on Wednesday. The stock has a market cap of $9.19 billion, a P/E ratio of 17.47 and a beta of 0.61. The firm’s fifty day simple moving average is $35.33 and its 200 day simple moving average is $34.95. Makita has a twelve month low of $26.76 and a twelve month high of $41.20.

About Makita

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.